Today was a brutal reminder of how fragile life is - especially in the mountains. I witnessed a major avalanche while on one of the first chairs up KT-22 this morning. Multiple people were buried and several were screaming as all of GS bowl slid from top to bottom. My buddy and I…
I sent this warning email about the new macro environment to all the founders and CEOs I work with. They found it helpful and I hope other founders will too.
What a day. Thank you for all the nice messages. I would also like to thank the dogs of Palisades Ski Patrol. They were amazing. I’ve always been an animal lover but this was a new level.
“50% of our team is engaged in active combat or has been called up for duty”
Words I probably never thought I’d hear a founder say in a board meeting.
“We are going to beat our plan and it is the rest of the team’s duty to pick up the work for those fighting for our existence”…
Somewhat correct but you're missing a few folks:
-
@badnima
is a cousin who runs AI partnerships for
@nvidia
-
@SusannePari
is my mom who is a critically acclaimed novelist and used to read books to
@dkhos
when he was a toddler
-
@darius_hedayati
is a cousin who runs zendesk's…
The Khosrowshahis are one of the most high-achieving families of all time.
Despite losing a $500M+ biz in the Iranian revolution in 1977, they moved all over the world and—
Went to elite universities
Became elite entrepreneurs, execs or investors
Have $10M to $1B+ net worth
With $700MM of venture invested in Generative AI just in January, it's important to remember that the winners of this era will be technical founders with strong business curiosity and acumen. 🧵👇
I 100% stand with Israel. It is an extremely special place and one of the only places where hope still exists for a free and capitalist society in the Mideast. Nearly everyone in the last generation of my family had to flee religious persecution -- my Persian side fled Iran and…
The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.
At
@GradientVC
in Q3 alone, we had 9 companies across 5 countries raise >$480MM in additional capital from new lead investors. This AI thing must be a big deal! DM me to talk about joining our team!
March was a pretty incredible month for us
@GradientVC
:
-
@SnowflakeDB
acquired
@streamlit
for $800MM+
-
@secureframe
raised a $56MM Series B
- 11 of our seed bets raised up-rounds in spite of the macro environment
We must be doing something right? 🚀
I admire this move -- venture is about carry returns, not fee hoarding by maximizing AUM. Mega venture funds cause GPs to become lazy and misalign incentives with LPs and companies. It's not about how much you raise, it's about how much you return.
Founders Fund, co-led by Peter Thiel, raised a $1.8 billion venture capital fund last year.
Now it's handing back half of it -- the first time a VC firm has done that since the dotcom crash. Will other VC firms follow suit?
Scoop with
@imkialikethecar
What a great time last night celebrating
@codeorg
’s new initiative to translate their curriculum into Farsi and bring computer science education to the people of Iran & Afghanistan! One day I hope to visit the region and see the results of
@hadip
@apartovi
’s work. Thank you…
Today is a huge day for
@Streamlit
: they’ve been acquired by
@Snowflake
! We’re so lucky to have been the first and largest investor at
@GradientVC
. Congrats to
@myelbows
🥳🚀 and the entire team! 🦄🦄🦄
We’re thrilled to announce that we’ve entered into an agreement to acquire Streamlit.
Together, we’ll empower developers and data scientists to mobilize the world’s data
Congrats
@pejmannozad
for taking the top spot on Forbes' Midas Seed list this year! I've learned so much from you over the years and hope to one day to follow in your footsteps!
Super excited to be an investor in
@alongsidefi
and congrats on raising $11MM led by
@a16zcrypto
! Last time I checked, being a contrarian was highly profitable... Bring on crypto winter!!!! 😂
⚠️ Some Personal News ⚠️
Today
@alongsidefi
is announcing our $11m round led by
@a16zcrypto
!
Alongside is bringing passive, long-term investing to crypto.
TechCrunch wrote about it here:
Congratulations ! I’m thrilled to lead their $12MM Series A and partner with
@FahadHassan
as he brings AI to financial planning 💰for millions of Americans 🇺🇸! Thank you
@hoomanradfar
for bringing this opportunity to us
@GradientVC
🚀
Today, I couldn't be more excited to share our $12M fundraise led by Google's AI Fund
@GradientVC
along with some of the most brilliant tech investors and advisors in Silicon Valley.
Yesterday’s FFDC -
@flutterflow
’s first developer conference - was a hit! Congrats to
@asmengistu
& Alex on all you’ve accomplished in less than 3 years from founding!
For engineers and enterprises building AI-enabled applications,
@LastMile
is the ultimate platform. Founded by a trio of stellar product engineers from
@Meta
, I’m thrilled to lead the company’s $10MM seed round!
@GradientVC
i love you all.
today was a weird experience in many ways. but one unexpected one is that it has been sorta like reading your own eulogy while you’re still alive. the outpouring of love is awesome.
one takeaway: go tell your friends how great you think they are.
Don't other VCs have something better to do with their time than email me whining that my public post celebrating a founder milestone didn't tag their fund properly?
Google Sheets, Docs, and Slack.
Few tools have helped hundreds of millions of people in such meaningful ways.
Fuzzy created the first one and scaled the latter two. He’s now leading
@NotionHQ
engineering — I am so excited to build with him!
Prediction: Databricks will unlock the AI IPO wave in late 2023/early 2024 and a return to sanity where investors reward high quality, durable business models with loyal customers.
Just WOW - Lambda is on 🔥💥! Congrats to my partner
@thezbg
, the Balabans, and the entire team at Lambda on their $320MM financing. We are so thrilled to be one of the largest owners of one of the cornerstone companies in the AI era. 🚀🚀🚀
@GradientVC
Lambda is excited to announce we have raised a $320M Series C, achieving a $1.5B valuation. This new financing will be used to expand our AI cloud and further our mission to build the
#1
AI compute platform in the world.
Excited to share that CVS is leading our Series D at
@CarbonHealth
w a $100m investment. We will also pilot our primary/urgent care clinic model in select
@CVSHealth
locations. Looking forward to partner with the CVS team to improve access to primary care
Excited about PaLM API: an easy and safe way for developers to build on top of our language models, and MakerSuite, a tool to jumpstart prototyping - both in private preview today.
@googlecloud
customers can also access these models + more via Vertex AI.
📢 Big news! Excited to reveal we have 5X the number of events for SF & LA
#TechWeek
so far compared to last year! The
@techweek_
event calendar is now live - register for access:
Excited to share that I've joined
@GradientVC
as a Partner to back world-class founders!
Gradient has been investing at the forefront of AI since 2017. We lead pre seed through series A rounds. Our team includes numerous former founders, domain experts and investors.
As a…
Today I put OpenAI and StanfordAI stickers on my laptop, sat at Coupa in Palo Alto, pretended to play hardball on the phone, and had 4 VCs try to preemptively lead my series A.
Fun to have
@HarvardHBS
create a case study about my investment in
@Fondeadora
Becoming an expert on Mexican banking law was something I never thought would happen, but it has been interesting!
That was an exhausting weekend. I want to thank:
- Amazing
@GradientVC
founders who engaged with us at lightning speed and offered to help each other
-
@zachpatton
for being on call and queuing up financing options for the portfolio
-
@federalreserve